According to a new report published by Reports Monitor titled, “Modified Epoxy Resins Market By Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the modified epoxy resins market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific region dominates the modified epoxy resins market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
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The increase in epoxy resins marketplace is majorly pushed with the aid of the developing and rising economies because of high industrialization and growing technologies of epoxy resins inside the industries. The rising demand for epoxy resins from wind energy market for wind turbines fuel up the market as the world is gradually shifting towards green energy usage. Epoxy resin is broadly used in paints & coatings as it dehydrate instantly and provide protective, rigid coating with stability.
However, unstable pricing of raw materials and high availability of alternatives to epoxy resins hinder the growth of market.
Asia Pacific region will be leading the market as the presence of the most populated nations of the world together with India and China has augmented the call for diverse sectors such as automotive & construction fuel up the market growth for epoxy resins. The European region is predicted to witness a tremendous growth inside the countries due to burgeoning aerospace and vehicle enterprise. The presence of develop industries in automotive & construction sector increase the growth rate of this market in North American region.
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Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in global modified epoxy resins market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
The major companies profiled in the report include: 3M Company, The Dow Chemical Company, Olin Corporation, Hexion, Kukdo Chemical, Aditya Birla Chemicals, Huntsman Corporation, and DIC Corporation.
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